GONE! Commercial Property Auction: 4,896 SF Office Building | Oak Grove, MO
Location: 1900 S. Broadway Street, Oak Grove, MO 64075
PROPERTY INPECTIONS: TUESDAYS, NOV. 29TH & DEC. 6TH; 11AM – 1PM
Bidding opens at seller’s reserve of only $50,000 (last list of $229,000.) 4,896 sf single-story former physician’s office flexible enough for medical, office or retail on recently widened/improved major thoroughfare with good frontage and ample paved parking. Restaurants, convenience store, police station, churches and more nearby. Sells to the highest bidder over $50,000!
BUILDING TYPE: Commercial Office
BUILDING AREA: 4,896 sf
SITE: .60 acres
LOCATION: South of I-70 on Broadway, major thoroughfare widened and improved 2014
FRONTAGE: 130 feet
PARKING: Paved, 49 spaces, two curb cuts on 19th St.
TRAFFIC COUNT: 5,466 vehicles per day (MoDOT)
ENTRANCES: 5 total; 3 on S side, 1 on N side, main entrance on E side
BASEMENT: Partial, toward rear of building with mechanicals and record storage shelving
INTERIOR: Sheetrock, paneling, carpet, linoleum, florescent lighting
EXAM ROOMS: 15 in various sizes
EXECUTIVE OFFICE: 15.5 x 15.5; block paneling and private bath
FRONT OFFICE: 19 x19; carpet, modular office furniture
WAITING ROOM: 31 x 11; carpet, chair rail, ceiling fans
PARCEL ID: 39-200-44-14-00-0-00-000
2015 TAXES (PAID): $6,685.85
LEGAL: Southern Slope of Oak Grove – Lots 24 & 25
TAX APPRAISAL (2016) $225,000 ($45.95/sf)
AUCTION RESERVE: $50,000 ($10.21/sf)
- Zoned HVAC; 5 roof mounted A/C’s, 5 thermostats
- American Standard Dura Glas 50 gal HWH, Two Bradford White HWH’s – 50 gal and 40 gal
- Atronic alarm system
- Roof membrane installed 2-3 yrs ago
Our seller is serious! The county tax appraisal is $225,000, or $45.95/sf. Bidding will begin at the seller’s reserve of $50,000, or $10.21/sf! Whether you owner occupy, lease it out, or both, this is a good opportunity. Come to a property preview on November 29th, or December 6th and see for yourself! When the gavel falls on December 13th, it’s gone.
3-EASY WAYS TO BUY!
1. BUY IT NOW
Can’t wait for the auction? Call for details about buying a property in advance of the auction.
2. BID LIVE ONLINE
Advance registration required.
3. BID LIVE ONSITE
Attend the auction in person on auction day.
Per the published auction terms, this property is available for sale prior to the auction. To qualify, all pre-auction offers must meet all auction terms and be submitted on the provided Cates Real Estate Sale Contract along with the required deposit. All qualifying offers will be presented to the Seller for a timely response. Please contact our office for assistance if needed.
Disclosure: This property is under continuous video surveillance.
AUCTION TERMS AND CONDITIONS:
Onsite bidder registration will begin one hour before the auction. Online bidder registration is open now. All bidders must provide a valid driver’s license and current address. Online bidders must also provide a credit card to register. By registering, all bidders acknowledge having read and agree to be bound by the Auction Terms and Conditions.
The successful bidder(s) shall be required to make a 10% non-refundable down payment of the total purchase price immediately following the close of bidding. Cash, cashier’s check or personal/business check will be accepted from onsite bidders. Bank wire will also be accepted from online bidders.
Financing is not a contingency of sale in this offering. Therefore, it is strongly recommended that potential bidders ensure in advance that they are able to obtain the necessary financing to close the transaction.
The successful bidder(s) shall execute a purchase agreement immediately following the close of bidding. All final bid prices are subject to Seller approval, unless announced otherwise.
Buyer(s) shall close within 45 days of the auction date. Possession will be delivered at closing subject to any remaining rights of the current tenant(s), if applicable.
EVIDENCE OF TITLE
Seller shall furnish at seller’s expense an Owner’s Policy of Title Insurance in the amount of the total purchase price and shall execute a general warranty deed conveying the real estate to the buyer(s).
REAL ESTATE TAXES & ASSESSMENTS:
2016 taxes are to be prorated as of the closing date.
EASEMENTS AND LEASES:
Sale of said property is subject to any and all easements of record and any and all leases.
Cates Auction & Realty Co., Inc. and its representatives are Exclusive Agents of the Seller.
A buyer’s premium of ten percent (10%) shall be added to the high bid and included in the total purchase price to be paid by the successful bidder(s).
A commission will be paid to any properly licensed Broker who registers a successful buyer according to the appropriate Broker Participation Agreement. This form is available from the Auction Company and must be completed and returned no later than 48 hours prior to the auction.
DISCLAIMERS AND ABSENCE OF WARRANTIES
The information in the auction advertising was obtained from sources believed to be accurate, but is subject to verification by all parties relying on it. All sketches and dimensions are approximate. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All bidders are responsible for conducting their own inspections, investigations, inquiries and due diligence concerning the property. The property is being offered on an “AS IS”, “WHERE IS” basis and no warranty or representations, expressed or implied, is made by the Seller or the auction company. All announcements made by the Auctioneer during the auction take precedence over any previously printed material or any other oral statements made. All information contained in the advertising and all related materials are subject to the terms and conditions outlined in the purchase agreement. Advertising may contain pictures of wildlife and other items that are for illustrative purposes only. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller’s reserve (if applicable). The Property is available for and subject to sale prior to auction.
Video: Commercial Property Auction
I-70 to Oak Grove Exit 28. South on Broadway to address on right.